Volvo

Operations

Volvo Group is a world-leading supplier of commercial transport solutions, with sales in roughly 180 countries. Operations are conducted through six business areas: Trucks, Construction Equipment, Buses, Volvo Penta, Volvo Aero and Financial Services.

The company strives to offer transport-related products and services with high quality and safety for demanding customers in selected segments. Concern for the environment and energy efficiency permeate the company’s products. The business is based on depth of knowledge about advanced diesel engines, where the Group can coordinate its R&D based on a joint architecture and shared technology.

Volvo Group is the world’s second largest manufacturer of Western trucks in the heavy segment. Trucks are sold under the Volvo, Renault, Mack and UD Trucks brands, and by the Indian joint-venture company under the Eicher brand. Construction Equipment manufactures a range of equipment for construction and other applications. Volvo Buses’ product range includes city buses, intercity buses and coaches. Volvo Penta makes engines for boats and industrial applications. Volvo Aero manufactures components for aircraft engines.

Volvo - Our ownership perspective

Through innovative, customer-adapted product development and high quality, Volvo has attained a world-leading position in commercial transport solutions.

• Acquisition-driven expansion and broadened product programs in Asia.
• Development of new, own platform of medium-duty engines.
• Continued work on lowering costs and increased productivity.

Ownership focus

Profitability through consolidation of acquired units and adaptation to stronger business climate.

Volvo - Performance 2010

• Net sales rose 21% to SEK 264.7 billion (218.4).
• Income after financial items rose substantially to SEK 15.5 billion (–20.6).
• Recovery in demand in most markets, with improved profitability.
• New, medium-duty engine platform launched, with manufacturing in India.
• Operating cash flow strengthened to SEK 20.6 billion (4.0).